Seaport Res Ptn Has Pessimistic Outlook of NOV Q2 Earnings

NOV Inc. (NYSE:NOV) – Equities researchers at Seaport Res Ptn cut their Q2 2025 EPS estimates for shares of NOV in a report released on Monday, February 10th. Seaport Res Ptn analyst T. Curran now forecasts that the oil and gas exploration company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.44. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for NOV’s current full-year earnings is $1.42 per share. Seaport Res Ptn also issued estimates for NOV’s Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.41 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.41 EPS, Q4 2026 earnings at $0.49 EPS and FY2026 earnings at $1.57 EPS.

NOV (NYSE:NOV) last announced its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%.

Other equities research analysts also recently issued research reports about the company. Susquehanna cut their price target on NOV from $22.00 to $21.00 and set a “positive” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company cut their target price on shares of NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. ATB Capital reiterated a “sector perform” rating and issued a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. Piper Sandler boosted their price target on shares of NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Barclays reduced their price objective on shares of NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.53.

NOV Stock Up 2.4 %

NOV stock opened at $16.32 on Wednesday. The firm has a market capitalization of $6.35 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.00 and a beta of 1.64. The company has a current ratio of 2.46, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. NOV has a twelve month low of $13.94 and a twelve month high of $21.20. The stock’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $16.06.

NOV Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.075 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.84%. NOV’s dividend payout ratio (DPR) is presently 18.63%.

Insider Buying and Selling

In other NOV news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the transaction, the director now directly owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NOV

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC grew its stake in shares of NOV by 22.3% in the 3rd quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock valued at $687,143,000 after purchasing an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of NOV by 23.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock worth $593,336,000 after purchasing an additional 6,963,660 shares during the period. Pacer Advisors Inc. grew its position in NOV by 12,344.0% in the 4th quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock valued at $179,718,000 after buying an additional 12,210,514 shares during the last quarter. Van ECK Associates Corp increased its stake in NOV by 22.1% in the 4th quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company’s stock valued at $75,658,000 after buying an additional 938,866 shares during the period. Finally, Greenhaven Associates Inc. raised its position in NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after buying an additional 1,255,666 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About NOV

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.